Binance Futures Will Launch USDT-Margined TURBO Perpetual Contract With Up to 50x Leverage

2024-05-30 21:28:00BinanceShare to:

Fellow Binancians,
To expand the list of trading choices offered on Binance Futures and enhance
users’ trading experience,Binance Futures will launch the USDT-margined TURBO
Perpetual Contract at 2024-05-30
15:30 (UTC), with up to 50x leverage.
More details on the USDT-margined TURBO Perpetual Contract can be found in the
table below:
USDⓈ-M Perpetual Contract
TURBOUSDT
Launch Time
2024-05-30 15:30 (UTC)
Underlying Asset
Turbo (TURBO)
Settlement Asset
USDT
Tick Size
0.000001
Capped Funding Rate
+2.00% / -2.00%
Funding Fee Settlement Frequency
Every Four Hours
Maximum Leverage
50x
Trading Hours
24/7
Multi-Assets Mode
Supported
Please Note:
*
The maximum funding rate of the TURBOUSDT Perpetual Contract at the time of
launch is +2.00% / -2.00%.
*
The funding fee settlement frequency is every four hours.
Time
Max Funding Rate
2024-05-30 16:00 (UTC)
+2.00% / -2.00%
2024-05-30 20:00 (UTC)
+2.00% / -2.00%
2024-05-31 00:00 (UTC)
+2.00% / -2.00%
2024-05-31 04:00 (UTC)
+2.00% / -2.00%


*
Based on market risk conditions, Binance may adjust the specifications of the
aforementioned futures contract(s) from time to time, which include the funding
fee, tick size, maximum leverage, initial margin, and/or maintenance margin
requirements.
*
Multi-Assets Mode
allows users to trade the aforementioned futures contract(s) across multiple
margin assets, subject to the applicable haircuts. For example, when the
Multi-Assets Mode is activated, users can use BTC as margin when trading the
TURBOUSDT Perpetual Contract.
*
The TURBOUSDT Perpetual Contract is subject to the terms of the Binance Terms
of Use and the Binance Futures Service
Agreement .
*
There may be discrepancies in the translated version of this original article
in English. Please reference this original version for the latest or most
accurate information where any discrepancies may arise.
Further Information:
*
Trading Rules of USDⓈ-M Futures Contracts
*
Leverage and Margin of USDⓈ-M Futures Contracts
*
Binance Futures Fee Structure
*
How to Select Trading Pairs
*
Funding Rate History
*
Mark Price and Price Index
*
Multi-Assets Mode
Thank you for your support!
Binance Team
2024-05-30
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this
announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment
may go down or up and you may not get back the amount invested. You are solely
responsible for your investment decisions and Binance is not liable for any
losses you may incur. Futures trading, in particular, is subject to high market
risk and price volatility. You may be called upon at short notice to make
additional margin deposits or interest payments. If the required margin
deposits or interest payments are not made within the prescribed time, your
collateral may be liquidated without your consent. Moreover, you will remain
liable for any resulting deficit in your account and interest charged on your
account. All of your margin balance may be liquidated in the event of adverse
price movement. Past performance is not a reliable predictor of future
performance. Before trading, you should make an independent assessment of the
appropriateness of the transaction in light of your own objectives and
circumstances, including the risks and potential benefits. Consult your own
advisers, where appropriate. This information should not be construed as
financial or investment advice. To learn more about how to protect yourself,
visit ourResponsible Trading page
. For more information,
see ourTerms of Use and Risk Warning
.

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